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Well  I notched up the ladder 75 places tday...All in a days work. Mainly down to 12% gain today in fgl,1.48% on sol,1% on vod.

Fgl did over 1mil in volume. Keen to see what happens tomorrow. Wonder if this one could be another Capitec...

That will perhaps teach you to pick stocks that are not volatile and cyclical.

At least you get a good divi. If that is any consolation.

A healthy 6-8% correction was due soon anyway. Hope this is it so it can get done and over. 

@Orca, what triggered you into buying CML at the start?

Do you invest in it purely on technicals or do you use the fundamentals too?

Are you constantly adding to your position?

I guess if the fundamentals aren't sound enough hitting that 145 mark might be a challenge.

What is your stop loss set to? and are you using higher highs?

Surely when it starts turning you'll be stopped out. If you made a massive gain on it over time, you should be safe...Not like it could drop 10% or more in 1 day?

I'm not trading it. It is a long term investment so no stop loss.
Was looking for a good steady gainer to make back my 45% loss in a Managed Account during the crash. I also needed to find stocks with the smallest draw downs for withdrawals when I retire. Took me weeks to go through dozens of charts and made a shortlist with stars for best looking charts. CML got the most stars.
Then read all the SENS and news. Checked their websites and gave them stars. CML got the most stars.
Then chucked all my money at her.

Actually, they were oriental. Looked like Chinese mafia. They came back here a few minutes ago with a well dressed guy that has "a good reputation and accounts". Left now to see the landlord.

Looks like that acquisition turned a bit sour and investors don't like it.   

Quote from: Orca on October 31, 2013, 03:40:05 pm

To get tax relief, one has to hold the shares for at least 3 years. No matter how good the stock might look now and it's future prospects for further growth, a time will come when it stops performing or tanks. This mostly happens before the 3 years are up and you are forced to make adjustments. You will be extremely lucky if all your stocks keep going up for 3 years. Almost half of your gains will go to tax. That is a waste of your time and money.
For that very reason I would just go for the Indi and chuck it in the bottom drawer.

1-Am I correct in assuming this advice is for someone who has no knowledge at all in investing in stocks aka me?Or is this just general info?

2-By "adjustments" do you mean selling?

3-This may be a silly question, Is there a small chance  that the INDI will plateau in value in under 3 years?


Also,what is the price of the INDI per share right now?I still haven't figured out my interface as yet.

General info boet. I cannot see ALL my stocks surviving for 3 years without some major pullback. So I would rather go for the steady sustained gains with the Indi than go for the 130 percenters pa and have a major pullback and cannot sell due to the moerse gains made.
Point in question is my CML. Last bought at R24 and now at R82. Only held for 1.5 years and have R1.5M in it now. How much tax will I have to pay if I sell on a pullback to R60? At 40% tax, it is not worth it.
Holding on to STXIND that so far seems sustainable as it has been over many years albeit at 30% pa will be a better bet as you can hold it for the 3 year thing and pay very much less tax if you sell.

As much as I want to sell and buy the Indi, I cannot due to tax. I am stuck with CML.

I hate paying tax.


 

This is a difficult question as views will differ as to what the poster's prerequisites are. Here is mine for SuperVan but it is based on technicals and not on fundamentals. Also based on a 3 year holding term and thus taking the PE into consideration.

ADI Good looking chart in uptrend. PE = 18  Sector PE is 41. Great stock for long term.

CML Best performer over many years but might be peaking. PE = 29. No sector PE.

CZA Down trending for a long time. So carry on down?

FGL In uptrend but very volatile. PE very high (53) . Not for long term.

FWX Very volatile and 6m flat in 1y. PE good at 13 compared to sector PE at 24. Opportunistic trade.

MDI. No info for this on Reuters.

NED Volatile and 4 month flatline in 1 year. Recent upswing with banks that was not anticipated. Good PE.

PNC Good chart and low PE ratio of 12 compared to sector of 41. A long term must have.

REI Good looking chart for long term. PE slightly higher than sector at 19 vs 14.5.

SHP Extremely volatile chart and the gain was fortuitous.  In uptrend but PE is at 28 compared to sector at 35

STXSWX Up all the way but rather volatile. The Indi would have been a better choice for an ETF.